DCM Shriram is acquiring four industrial salt companies – Shree Raj Salt, Devjagan Salt, Maruti Salt, and Manek Salt – for a consolidated cash consideration of Rs. 175 Cr.

The company will take a 100% stake in these Gujarat-based entities, which together hold 1077 acres of salt lease land.

This strategic acquisition is purely for backward integration, aimed at securing crucial raw material supply for DCM Shriram's chemical business.

It's a significant step to strengthen their value chain and enhance operational efficiency.